Digital Asset Group’s Bitcoin mining company Foundry Digital has announced a Bitcoin mining education drive initiative. The training program has been launched to educate and train Bitcoin miners further so that top-class technicians in Bitcoin mining can be produced with the help of the initiative. The initiative will commence the education program on 7th November … Read more
A fresh legal framework has been proposed by Russian lawmakers which aim at legalizing all sorts of cryptocurrencies in the country. The proposed law also suggests that though crypto can be mined in the country. However, their circulation will be made across the border and also within specific regimes for experimental purposes. Russian Parliament Drafts … Read more
Exactly 3,853 top-of-the-line Bitcoin mining rigs have been bought at an approximate value of $6 Million by Cleanspark from Bitmain. According to Cleanspark, the company had acquired from than 26 thousand rigs since June this year. Massive Acquisition of Bitcoin Mining Rigs About a month ago Cleanspark, which is a Bitcoin mining entity, informed us … Read more
As the crypto market continues to shrivel from its otherwise gargantuan size just a few months ago, every little loss can hurt the platform as a whole. However, unfortunately for the crypto market, the losses don’t stop coming, and they might not stop coming for some time now. Fiscal policies surrounding various financial markets like … Read more
One of the world’s biggest bitcoin miners, Core Scientific warned that it could file for bankruptcy as its cash resources are depleting due to the numerous pressures the industry is facing. On Thursday, the company issued a statement to shareholders in which it stated that it was exploring a variety of options. It further added … Read more
From the beginning of 2022, a great level of concern has been recorded among cryptocurrency users pertaining to the situation of the crypto-verse. In the crypto world, multiple issues have injected fear, uncertainty, and doubt (FUD) among cryptocurrency investors. The highest level of FUD recorded in the cryptocurrency industry is pertaining to the high risks … Read more
When China started a crackdown against bitcoin mining, Chinese BTC miners decided to move toward Kazakhstan because it was considered a favorable country for bitcoin mining. Chinese bitcoin miners got welcomed by the government of Kazakhstan. But now there’s a piece of bad news for bitcoin miners because the government is planning to impose new … Read more
The high rate of energy consumption and a negative impact on the environment is why many authorities are considering a ban on pow blockchains. However, the new data by the bitcoin mining council (BMC) has proved otherwise. The report, shared on Monday, revealed that the BTC network’s electricity consumption has decreased by nearly 26% since … Read more
There has been a huge debate among legislators from all nations regarding the possibility of crypto mining having any negative environmental impact. Hence, it is no wonder that the US lawmakers have summoned its environmental protection agency (EPA) over the issue. The summon, which was proposed by rep. Jared Huffman, aims to know the stance … Read more
On Friday, the nineteenth millionth BTC was minted, marking a historic moment in the history of the world’s most popular cryptocurrency. Presently, nineteen million BTC are in circulation, with 2 million remaining to be generated (or mined) until about 2140. The Nineteenth millionth Bitcoin was released into the crypto market in block number 730002, which … Read more
Before May 2021, China’s BTC mining hash rate of 55% was the largest globally. However, the country started a clampdown on all crypto activities after that period. A Chinese district court has claimed that crypto mining in China is still legal. Crypto Mining Is Legal – Judge Qingtang A network maintenance staff was charged to … Read more
The cryptocurrency mining firm HIVE Blockchain Technology is always looking for an improvement, that’s why it has made an agreement with Intel (A Semiconductor Maker) for purchasing ASIC chips. The firm will use these chips in its new custom mining equipment. The firm gave the contract of new devices to the third-party custom designer. These … Read more
According to multiple reports, the Guangzhou province in China has started a major series of crackdown events, in order to disrupt cryptocurrency mining operations. Severe Crackdowns after Crypto Ban China has been on the verge of banning cryptocurrencies and their trade for a quite a while now and it seems that they are not planning … Read more
Initially, the CPUs were utilized in the home computers for mining Bitcoin and those central personal units were manufactured for general objectives. Mining counts to be a process in which a limited amount of Bitcoins is created by miners (usually considered to be the people by whom the cryptographic puzzles are solved for the verification … Read more
Intel’s new ASIC crypto mining chips might become the new leader in that space. Top semiconductor manufacturer, Intel, recently launched a prototype of its new ASIC miner during the recently concluded ISSCC 2022 conference. The Making of The Best Mining Rig While this prototype was the standout presentation from Intel, it wasn’t the only presentation … Read more
The occurrence of internet outages across Kazakhstan paved a way for growing apprehension regarding the strict regulations of the government, as per the native miners of cryptocurrency. Under this situation, a few of the miners are pursuing an additionally enterprising environment. In the time of social unrest during the recent week, the Kazakh authorities terminated … Read more
Even though crypto transactions are now outlaws in china, some Chinese crypto investors are still holding on to their digital assets. When Bloomberg interviewed some of these investors, they agreed that the announcement gave them the impetus to increase their crypto holdings. The Drive To Hold More Ballet Global’s CEO, Bobby Lee, said, “the clampdown … Read more
Even though crypto transactions are now outlawed in China, some Chinese crypto investors are still holding on to their digital assets. When Bloomberg interviewed some of these investors, they agreed that the announcement gave them the impetus to increase their crypto holdings. The Drive To Hold More Ballet Global’s CEO, Bobby Lee, said, “the clampdown … Read more
According to reports, one provider of crypto mining facilities in Vietnam has tripled its revenues since the beginning of September by utilizing high-end graphics processing units. The crypto-mining industry in Vietnam is said to be recovering from the recent crypto-boom, which saw Bitcoin (BTC) soar above USD 51,000 for the first price since May for … Read more
